We are pleased to offer you the opportunity to participate in financing an additional $50 million loan for U-Haul. We established a corresponding CUSO so that you can participate by loaning and investing dollars into AMERCO Loan 2, LLC.
The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.
Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.
The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.
It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.
So what's your point here? BancAssets is in partnership with BancVue which is essentially a broker. I thought you bank people don't like credit unions getting into commercial loans and can't tell if you're for or against. If you're going to post these things, at least have an opinion.
ReplyDeleteThe point is to show that CUs are making syndicated loans and these loans don't need a taxpayer subsidy.
ReplyDeleteWhich 4 credit unions?
ReplyDeleteIs uhaul or Amerco in the field of membership of the 4 credit unions?
Are the participation legal for credit unions?
What is the answer to these questions?
DeleteAtlantic Regional FCU, Brunswick, Maine,
DeleteLeaders CU, Jackson, Tenn.,
Money One FCU, Largo, Md.,
Sacramento (Calif.) CU.
Participations are legal.
Amerco does not have to be a member.
We constantly hear that a cu cannot make loans of any kind unless the consumer or business is IN the field of membership.
DeleteI do not think amerco is in the field of these 4 credit unions.